Cramered Again! via SiriusNewsRumors

Interesting points from crfceo, the stock is now heavily (92 percent) owned by institutions. Anyone want to crunch the numbers on how much of this was due to the newly issued shares, the institutional holdings of XMSR, and how much was truly a result of retail selling out at the bottom?

Interesting points from crfceo, the stock is now heavily (92 percent) owned by institutions. Anyone want to crunch the numbers on how much of this was due to the newly issued shares, the institutional holdings of XMSR, and how much was truly a result of retail selling out at the bottom?

Quacks Like A Duck

I think crfceo is on to something. That is to say his theory holds water. I held my shares, paid my margin call. Now we are among an elite group of 8 percent ready to ride the coattails of the Power Brokers. This does not discount the fact that we got screwed. There is no question about that. What mergers in modern history turned out like this one - wherein both stocks tanked? Bad GM report will make an interesting day. SIRI XM have done well with OEM's despite a down auto market.

With 92% owned by institutions, that means that there are a lot fewer shares out there to be publicly traded... meaning there SHOULD be more demand.

Just as a caveat to that: Institutions often have a maximum percentage that any one fund can hold of a particular stock. With this merger, it may have put some funds that held both stocks over that limit. They may need to unload shares.. and fast. You may see that percentage drop over the next few weeks/months.

Hey Everyone,
So I jus listened to Mel's town hall meeting, and I was kind of surprised that he mentioned Cramer, and how he actually hurt the deal. I thought it kind of strange that Mel specifically mentioned it and by name. Obviously it made a big financial impact, and he is not taking it lightly. Now I am a finance major not a lawyer, but could SirusXM have a case against Cramer. He obviously hurt the company, and if we could prove that he said incorrect information or purpously tried to lower the strike price of the deal, couldn't this be a lawsuit.

Disclosure: I am not a lawyer, and if you are and this sounds ridiculous please don't hold it against me. I am just throwing it out there.

Jump to 33:15 for the discussion regarding the mechanics of the offering (finally), share price reaction.

37:30 is when he calls out Cramer

"We believe the efficiencies of the merger are so significant and the benefits so great that it still makes sense even in an ugly market to do it....I think once and for all we have now put that liquidity issue aside."